Diesel Prices Plummet, Lowest in Months
Update: 2025-12-23
Description
Diesel prices have been on a steady decline for five weeks, with the latest benchmark from the Department of Energy dropping six point three cents per gallon to three dollars and fifty-four cents. This is the biggest single-week drop in the streak, which has shaved off a total of thirty-two point four cents so far. Retail prices are slowly catching up to sharper falls in the futures market, with ultra-low sulfur diesel on the Chicago Mercantile Exchange plunging from over two dollars and seventy cents in mid-November to a low near two dollars and twelve cents last Friday. Geopolitical jitters, such as uncertainty over U.S. talks with Venezuela and Russias oil production, have traders on edge. Despite this, Brent crude settled higher at sixty-two dollars per barrel, showing how short-term politics can trump market forces.
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